Movement Alert|Han's CNC Technology Rises 3.66% in Regular Trading, Technical Rebound After Over 30% Pullback Supported by Institutional Buying

Market Focus07-20

On July 20, Han's CNC Technology (03200.HK) rose 3.66% in regular trading, trading at HK$111.7/share, with turnover of HK$13.11 million. The rebound comes after a sustained profit-taking wave that saw the H-share retreat from approximately HK$157 to near HK$105 since July 10, when the company's strong half-year earnings guidance was fully priced in, representing a cumulative decline exceeding 30%.

The company previously announced expected H1 net profit of RMB 900 million to RMB 1 billion, representing year-over-year growth of 242% to 280%, driven by significantly increased revenue contribution from AI PCB-related solutions. On the institutional front, Schroders PLC increased its position by 288,600 shares on July 9 at an average price of approximately HK$140.06, while Citi maintained a Buy rating with a target price of HK$325, providing valuation support. The short-term oversold conditions following the extended selloff appear to have triggered a technical recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment